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  1. Killing Projects for Success: Proprietary Process Enhances Portfolio Decision-Making Locked

    Quick Insight | Posted: 2009-05-15

    A talcum powder developer found a clearly expressed customer need – a package that offered greater product control while not leaving a mess in the bathroom. The idea of repackaging their product in a more controlled and less messy package was thoroughly researched and clear goals for the project were established. The result? The project was cancelled. And yet management declared this project a success. Why? Because the decision was made the right way. That way was enabled by a method called the Boost™ process. Adapting a select subset of tools from Six Sigma, the Boost process ensures that "decisions are based on data, rather than the strongest opinion," and enables teams to "objectively evaluate projects against objective criteria," said its creator Helen Tai. The Boost process enables developers to innovate successfully through customer database building. It also emphasizes strong project charters and thorough stakeholder analyses early in the PD process.

  2. Study: Economic Downturn Threatens Intellectual Property; IP Security Now Key Business Enabler Locked

    Quick Insight | Posted: 2009-05-01

    A January 2009 study conducted by a research center out of Purdue University in partnership with McAfee, Inc., examined where vital information such as Intellectual Property originates, where it is stored globally, and how it is transferred and lost. The study found that the global economic crisis has placed large amounts of Intellectual Property at risk, since IP has now become an international currency and, as a result, an emerging target for cybercriminals. Even with the risks involved, information is on the move; the study found that average company has $12 million (USD) worth of sensitive information residing abroad. The research also found that cutting investments in information security -- on the assumption that security is a cost center and not a vital business enabler -- could prove to be a fatal error.

  3. User-Centric Design Drives Innovation – And the Organizational Structures to Support It Locked

    Quick Insight | Posted: 2009-04-19

    Danfoss A/S, a Danish company whose product portfolio includes a wide range of pumps, sensors and other components critical to the operation of water and wastewater treatment facilities, used ethnographic techniques to explore their end user's use of its products and overall work environment. The company engaged in a ten-month study to better understanding of how end users work with Danfoss’s products and the work processes in which these products are used. The methods used included interviews, continuous videotaping of end users, scenarios, and filmmaking techniques. The research suggested that Danfoss consider restructuring its product development activities to better mirror the environment in which their customers used its products and the values their customers espoused.

  4. The Adaptive Organization: Key Characteristics and Practices Locked

    Quick Insight | Posted: 2009-03-20

    A recent KPMG study found that 93% of executives surveyed expected changes in at least one aspect of their business model over the next 3 years; nearly half of those same executives expected those changes to be major. This rate of change will be impossible to manage without the capability to adapt to shifting circumstances. To respond to this challenge, a September 2008 summit held by Toffler Associates, the consulting firm founded by Alvin and Heidi Toffler, authors of "Future Shock" and "Revolutionary Wealth", convened leaders from industry and the public sector to discuss the characteristics and practices of the adaptive organization. The group found that cross-organizational collaboration, and encouraging innovation and experimentation were characteristic of adaptive organizations. They also found that bottom-up rather than top-down change was vital. The group identified three strategies for fostering bottom-up change in the adaptive organization.

  5. Goldense Group Inc. Survey Finds Product Development Managers Focused More on Execution than Innovation: Part Three of a Five Part Series - Innovation Identity

    Quick Insight | Posted: 2008-12-30

    Goldense Group Inc. [Needham, MA] published its fifth biennial research study on leading practices in R&D/Product Development in May of 2008. The latest survey focused on innovation: its strategies, tactics and operations. This article continues a monthly series presenting select findings from the GGI Survey. In the innovation identity portion of the survey, GGI examined the branding of product development processes and whether or not the term “innovation” has made its mark on process branding. First, the questionnaire explored whether the name, phrase, acronym or icon used to describe the product development process emphasized innovation or execution, or attempted to balance the two. The questionnaire then explored whether the product development process nomenclature contained the word “innovation” or a synonym such as “invention,” “creation,” “ideation” or some other term, and whether the nomenclature had changed since 2002 to include the word “innovation” or a synonym. The questionnaire also explored the degree to which the process was actively or passively promoted, both externally and internally, regardless of process nomenclature. The survey found that product development managers are still emphasizing execution more than innovation.

  6. New Research Examines Development of Open Innovation In the Food Industry Locked

    Quick Insight | Posted: 2008-11-17

    A recent study of the food industry examined the development of open innovation as a key startegy in this sector. It examined successes in this area and indicated areas for further maturity and development in the future

  7. Boston Consulting Group Study Reveals Dissatisfaction with Returns on Innovation Investments; Indicates Areas for Improvement Locked

    Quick Insight | Posted: 2008-09-16

    Innovative products and services are winners and innovation remains among the highest strategic priorities across industry. However, executives are increasingly dissatisfied with their companies’ performance around innovation and the rate of investment in innovation seems to be slowing.

  8. Ocean Tomo Auction Reveals Active Areas for IP Transactions Locked

    Quick Insight | Posted: 2008-08-29

    Ocean Tomo, LLC is a Chicago-based firm that focuses on addressing issues related to Intellectual Capital equity. A major portion of its services involves IP transactions through private IP brokerage or live, multi-lot IP auctions. Ocean Tomo has announced its plans for its Fall 2008 IP auction to be held at the Chicago Cultural Center on October 30th. Ocean Tomo’s web site reports that these auctions “have consistently drawn over 350 professionals to each event, including Fortune 500 IP professionals, C-level executives from small to mid-size companies, investors, professional inventors, attorneys and media.” This piece lists the major categories of IP in the auction and the most active areas for patents in the IP marketplace.

  9. Five Keys to Identifying White Space in the Front End of Innovation Locked

    Quick Insight | Posted: 2008-06-20

    In a June 2008 audio session, innovation experts Geoff Waite and Simon Karger of Sagentia attempted to clarify the famously fuzzy front-end of innovation. The model they use includes what they call five major “hunting grounds” for identifying opportunities: 1) Discovering unmet needs; 2) Anticipating the future and being there to meet it; 3) Redefining the marketplace – what is sold to whom; 4) Exploiting value chains by changing how products get to market, and5) Leveraging buyer’s emotions through the value of the brand.

  10. Ocean Tomo Auction Sets World Record for the Highest Selling Price for a Patent Lot Locked

    Quick Insight | Posted: 2008-04-23

    Ocean Tomo Auctions, LLC the auctions arm of Ocean Tomo, LLC, the leading Intellectual Capital Merchant Banc firm – announced on April 4, 2008 the record-breaking results of its Spring 2008 Live Intellectual Property (IP) Auction held on April 2nd at The Ritz-Carlton San Francisco. Cumulative sales, including buyer’s premium, totaled $19,629,500. One noteworthy IP portfolio owned by the subsidiary of a large multi-national corporation, sold for $6,600,000, setting a new world record for the highest selling price for a patent lot at a multi-lot live IP auction.

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